50 Leading Companies to Watch 2022
Investing in rental property is one of the best ways to generate extra cash flow and eventually build wealth; over time, you’ll accrue significant wealth from rental income and can benefit from appreciating property prices in the area. Most people getting started with this strategy immediately look to their surroundings, scouting for properties in their neighborhood or near it as potential investments.
Anyone who invests in real estate from hundreds or thousands of miles away knows that there is a unique art and science to investing out of state. Having the right connections and the right team is one of the most important aspects of being a real estate investor. With remote real estate investing especially, it’s even more important to have those right connections and the right team.
But it might be even better to search for and invest in property across the country with the right technology to help you do it. One of the leading remote real estate investment firms in the market is Roofstock. Roofstock is building the world’s leading real estate investment marketplace. Its mission is to make ownership of investment real estate radically accessible, cost-effective, and straightforward. Their platform lets everyone from first-time investors to global asset managers evaluate, purchase, and own residential investment properties with confidence from anywhere in the world.
Making investing in real estate simple and easy—the founding of Roofstock
Clunky, opaque, inefficient… buying and selling investment properties badly needed a rethink. Frustrated, Gregor Watson, founder of multiple financial and investment firms and a long-time investor in the real estate space, reached out to Gary Beasley to brainstorm. Gary had invaluable perspectives on technology and deep industry experience at various successful real estate, hospitality, and tech companies and leading two companies through IPOs. They soon invited Rich Ford to the conversation. Rich had more than 20 years of M&A and capital raising experience and was a pioneer in the single-family rental investing space.
With their combined experience and Silicon Valley’s top tech talent and investors, they built a vibrant marketplace where investing in real estate is as easy as investing in stocks.
Since its launch, Roofstock has surpassed $5 billion in transactions and continues to disrupt the industry, deploying technology and innovation to simplify investing in the real estate stock market. At Roofstock, they are leveling the playing field by combining people highly experienced in the business with the power of artificial intelligence and the efficiencies of institutional scale, knocking down the traditional barriers to real estate investingand making it simpler, transparent, and cost-efficient. They have built a vibrant and proactive marketplace for real estate investing where the accessibility to information is matched only by the ease of transaction. It’s a new model where everyone can participate, anywhere, at any time, because they believe that building wealth through real estate should be nothing short of radically simple.
The process to invest remotely on Roofstock
Roofstock’s award-winning UI lets you use custom filters on the website or the app to tailor your search by list price, desired return, location,etc. If the property you are searching for is unavailable, you can sign up for alerts and be one of the first to be notified when a matching property becomes available.
Roofstock lets you analyze, review details, and learn more about the property, such as: -
Roofstock then lets you make an offer for the property of your choice. Submitting an offer is free. When your offer is accepted, Roofstock charges a marketplace fee equal to 0.5% of the contract price or $500, whichever is higher. This fee helps cover our certification, underwriting, and full-service transaction management services.
Roofstock then lets users close the deal. Their service and transaction team guides you through escrow until the place is officially yours, and you can start earning rental income as soon as you close.Roofstock’s property manager will handle the day-to-day operations while Roofstock continues to provide support while you earn.
An unrelenting focus on innovation
Innovation is a way of life. Roofstock has built state-of-the-art technology that’s revolutionizing how real estate is bought and sold alongside a dedicated team that provides unrivaled customer service. From their proprietary Neighborhood Ratings and comprehensive property certification to their industry-leading Roofstock Guarantee, they enable anyone to invest with the tools, information, and services they need to be successful.
Revolutionizing investments in real estate for the modern age
Gary Beasley is the CEO & Co-Founder of Roofstock.Gary is the driving force behind Roofstock’s goal to power the future of real estate investing. Gary brings a valuable perspective on using technology to disrupt incumbents through his deep industry expertise in leading various real estate, hospitality, and tech companies.
Gary was named a 2019 Top 50 Fintech CEO by Financial Technology Report and HousingWire’s 2018 HW Vanguard. He earned his BA in Economics from Northwestern and holds an MBA from Stanford, where he regularly participates as a guest speaker.